Indeed, starting up or growing a small business in Kansas is obviously not easy. However, entrepreneurs have the determination to grow a business but most times lack the necessary funding to grow their businesses. Nevertheless, this article will serve as a guide for small business owners in Kansas. Also, it will cover small business grants for women In Kansas, for working capital, and also for startups.
You made the right choice by clicking on this article. Now let’s get down to business.
What Is Kansas Small Business Grants?
Small businesses in the world need adequate funding to flourish, so too Kansas small business needs adequate capital to excel. Nevertheless, the government of Kansas offers many ways to help Kansas small business owners through different grant programs. However, there are 59,667 business establishments in the state of Kansas. Furthermore, here are some of these grant programs available for Kansas small business owners.
Is SBA Giving Free Money?
The Small Business Administration (SBA) does not offer any financial aid to new or existing companies. To fund counseling and training programs that encourage business startups, the Small Business Administration awards grants to nonprofits and educational institutions known as Resource Partners.
Kansas Business Tax Incentives
The Kansas law offers different tax incentives that cover tax credits, exemption from sales tax, and property tax abatements. Also, the objective of this grant is to promote employment across Kansas, to promote industrial training and retraining in Kansas.
Business and Community Finance Incentives
They provide information on the most widely used financial incentive offered by the Kansas department of commerce.
Kansas Angels Tax Credit Program
The KAITC Program is managed by the Kansas Department of Commerce (KDC). However, this program allows accredited angel investors with qualified Kansas companies seeking seed and early-stage investment.
Rural Opportunity Zones
The Rural Opportunity Zones are 77 Kansas counties that have been approved to offer financial incentives to new full-time residents. These incentives are Kansas income tax waivers for up to five years or Student loan repayments of up to $15,000.
Rural Development Loan Assistance
They summarize the rural development loan offerings and other types of business assistance awarded by the United States Department of Agriculture.
They offer information on several programs, such as the Organic Cost Share program, coordinated through the Kansas Department of Agriculture.
Small Business Administration Microloans
The Microloan program grants loans up to $50,000 to help small businesses and several not-for-profit childcare centers start up and expand. However, it is administered by the federal Small Business Administration.
NetWork Kansas
Truely, matching Loan Programs are intended to promote private capital by providing matching funds to assist startups and existing businesses. However, several loan programs are granted based on geography, matching loan amounts, and project needs.
What are Kansas Small Business Working Capital Grants?
There is only one Kansas small business working capital grant available. However, let’s discuss them briefly.
Small Business Working Capital Grants
Kansas businesses with less than 500 employees are eligible to apply for Small Business Working Capital grants. However, funds can be used to pay working capital expenses such as payroll, rent, mortgage insurance, and more. Furthermore, these Grants will be awarded on a rolling basis until funds are depleted.
Nevertheless, let us take a look at some of the other grants available to Kansas small businesses.
Securing Local Food Systems Grants
The Securing Local Food Systems grant program objective is to promote Kansas meat processing facilities, and food banks to address food for human consumption.
PPE Procurement Grants
The PPE Procurement grant program will grant businesses funds for the purchase of personal protective equipment (PPE). Also, for the adoption of workplace redesigns, additional signage, new technology solutions for distance working.
PPE Manufacturing Grants
Also, the PPE Manufacturing grants will grant funds to producers to reimburse specific costs to manufacture critically needed PPE. However, the grant funding will support companies with forming new businesses.
Small Business Grants For Women In Kansas
Indeed, women who own small businesses in Kansas are eligible for grants. Here are some of them.
WomensNet
Businesswomen from Kansas and all around the U.S are eligible to apply for this once-per-month grant. However, the Womensnet grants a $10,000 Amber Grant every month. Hence, they often always accept applications.
Grants to USA Investigators for Small Research Projects on Medical Issues Affecting Women
They offer grants of $25,000 to USA MD and Ph.D. investigators at eligible academic institutions. Also, to nonprofit medical research institutions for small research projects associated with medical issues that affect women. However, the deadline date is 04/26/21 11:59 PM MST.
The Fellowships offer grants of $5,000 to U.S individuals holding or pursuing an MD or Ph.D. to carry out research related to women’s health. However, research must be carried out at a U.S.-based institution. Nevertheless, the deadline date is 04/26/21 11:59 PM MST.
Grants to USA Nonprofits for Programs to Educate Young Women on Reproductive Health
They offer Grants of up to $35,000 to USA nonprofit organizations for educational programs related to women’s reproductive health. However, applicants must present a concept paper before a full proposal. Furthermore, the fund is to generate greater access to reproductive health information.
What are Kansas Small Business Grants For Startups?
The Kansas small business grant programs listed above are all for startups. However, let’s take a look at some others.
What Is SME Grant?
Each business participating in this program will receive a matching grant of up to RM5,000 from the government to use toward the subscription of approved digital services. Only the first 100,000 SMEs will receive the RM500 million in grants over the course of five years.
How Can I Get Free Money for My Business?
- Use your own money to launch your company.
- Locating a Potential Angel Investor.
- Keep an eye on the crowdfunding scene.
- Make use of Government Loan Programs by Applying for One.
- Borrow money from financial institutions both public and private.
- Finance your small business with a loan from a microfinance institution or non-bank financial company.
- Use Corporate Credit Cards.
Conclusion
In conclusion, Kansas small business owners should always look out for grants available to them. However, they also should be aware that this grant has deadlines.
Kansas small business grants FAQ
What is a working capital grant?
A Working Capital grant is used to start a business and pay the costs that come with it, but not to buy or build facilities or buy processing equipment
What is capital grant?
government usually gives money to an independent government body or authority to help pay for some of the costs of its own facilities.
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